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A Tampa judge dismissed Friday a lawsuit filed by Florida officials challenging the federal government "s 2024 mandate that most children in low-income families were entitled to subsidized health insurance for at least a year even if their parents stopped paying a small monthly premium. Florida was the only state to challenge the law in court.

The Oklahoma Legislature took up seven veto overrides in the final days of the session that ended Thursday, with five of them successful. On Wednesday, the House and Senate reversed Stitt on Senate Bill 102, by Sen. Jessica Garvin, R- Duncan, a somewhat controversial measure that hikes benefits from the Oklahoma Police Pension and Retirement System while also…

Standard Insurance Company announced today that Cindy Hand has been promoted to second vice president, Corporate Development and Strategy. Cindy Hand, Second Vice President, Corporate Development and Strategy at The Standard. Prior to joining The Standard, Hand worked at KPMG for more than 10 years and completed a rotation as the chief of staff to the Global…

It began with cheers echoing in the Ada County Courthouse around 1 p.m. on Thursday when Larry Woodcock, J.J. Daybell was found guilty on all charges, including conspiracy to commit murder, first-degree murder and insurance fraud in connection to the deaths of Vallow’ s children— 16- year-old Tylee Ryan and 7- year-old J.J. Vallow— and Daybell’ s late wife, Tammy…

A Tampa judge dismissed Friday a lawsuit filed by Florida officials challenging the federal government "s 2024 mandate that most children in low-income families were entitled to subsidized health insurance for at least a year even if their parents stopped paying a small monthly premium. Florida was the only state to challenge the law in court.

The nonprofit Rate Bureau represents the insurance companies and is not a part of the North Carolina Department of Insurance. Because Department of Insurance officials don't agree with the Rate Bureau's request, Insurance Commissioner Mike Causey has set a hearing date, as required by state law, for 10 a.m. April 7, 2025, in the Department of Insurance building…

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of“ bbb-” of Worldwide Reinsurance Limited. The Credit Ratings reflect Worldwide Re’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and…

AM Best has upgraded the Long-Term Issuer Credit Ratings to“ a+” from“ a” and affirmed the Financial Strength Rating of A of MS Transverse Specialty Insurance Company, MS Transverse Insurance Company and TRM Specialty Insurance Company. These companies are domiciled in Dallas, TX, and collectively are referred to as MS Transverse Insurance Group.

The sentencing makes Ariell Dix, 37, the first person incarcerated for their role in the far-reaching scandal that mainly targeted Native Americans seeking drug and alcohol addiction treatment. Authorities say the overall conspiracy— which included hundreds of facilities and many bad actors— resulted in fraudulent billings that totaled more than $2.5…

Markel Corporation (NYSE: MKL) is one of today’s top gainers. The company’s shares have moved 0.68% on the day to $1,632. Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance […]

USAA Limited is domiciled in London, United Kingdom; all other companies are domiciled in San Antonio, TX, unless otherwise specified. The ratings of USAA and its P/C affiliates, together referred to as USAA Group, reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and…

–Itasca MGA Limited, an aviation-focused managing general agent created by alternative investment manager Castlelake and Pine Walk Capital, a wholly owned subsidiary of The Fidelis Partnership, today announced it has supported Virgin Atlantic in respect of an insurance-backed financing solution for delivery of its final A350-1000 aircraft.

Quarterly dividend of $0.6063 per share on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share; Quarterly dividend of $0.3516 per share on its 5.625% Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share; and Quarterly dividend of $351.56 per share…

Insurance Commissioner Mike Causey today announced that the N.C. Department of Insurance has settled its legal dispute with North Carolina insurance companies over a dwelling rate increase. The N.C. Rate Bureau, which is not a part of the N.C. Department of Insurance, represents all property and casualty insurance companies writing premiums in North…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Motors Insurance Company Limited. The outlook of these Credit Ratings is stable. MICL is a wholly owned subsidiary of AmTrust International Insurance, Ltd., which is a member of the AmTrust Group.

–AutoInsurance.org recently released a report on insurance companies pulling out of Florida and other high-risk states like California. State of Insurance in Florida. Many providers have calculated their risk in Florida and decided they're likely to lose money in the region.